IT firms compete for Irda project

IT firms compete for Irda project

New Delhi: Indian IT giants including Tata Consultancy Services, Infosys and Wipro have been shortlisted by insurance regulator Irda for technical bidding to implement its enterprise resource planning (ERP) system.

The pre-bid meeting to select the IT partner for implementing the project will be held on Thursday, IRDA said.

Besides TCS, Infosys and Wipro, three other firms including Intelligroup, Mahindra Satyam and Deloitte have also been selected for the technical bidding.

ERP is an integrated software, which will cover and customise IRDA’s various activities including human resource management, accounting, payroll administration, data bases, and other tools and accessories.

Irda has 11 departments and the integrated software system is expected to streamline operations between them.

The insurance regulator had earlier announced plans to adopt ERP to automate the functions of its administration department with the purpose of creating an integrated working environment.

The selected IT partner will operate and monitor the system on the behalf of Irda.